The Effect of Local Policy on Local Parliamentary-Election Results
| Autor: | Mgr. Kateřina Vlčková |
|---|---|
| Rok: | 2018 - zimní |
| Vedoucí: | PhDr. Lenka Šťastná Ph.D. |
| Konzultant: | |
| Typ práce: | Diplomová Finance, finanční trhy a bankovnictví |
| Jazyk: | Anglicky |
| Stránky: | 69 |
| Ocenění: | |
| Odkaz: | https://is.cuni.cz/webapps/zzp/detail/177561/ |
| Abstrakt: | The thesis examines the relationship between the local policy and local parliamentary election results in Czech municipalities of extended scope from 1997 to 2013. We study the election cycle in subsidies and the impact of higher subsidies to the share of votes for the current ruling party. Besides, we analyse the effect of higher spending to the share of votes for the mayor’s incumbent party in parliamentary elections. We test specific expenditure subgroups, such as transportation, education or leisure activities. We apply the system GMM to identify the election cycle in subsidies, while we use 2SLS and instrumental variables to test the effect of higher subsidies and higher spending prior to the elections. In general, municipalities obtain higher subsidies per capita in electoral years. If the mayor is affiliated with the current ruling party on the national level, the ruling party is rewarded for higher subsidies per capita in preelectoral years by a higher share of votes in parliamentary elections. The mayor’s incumbent party obtains a higher share of votes in parliamentary elections as well with higher capital expenditures on education and environmental protection in the pre-electoral year. |
